Proof of Usefulness Report

Peerspace

Analysis completed on 1/27/2026

+675
Proof of Usefulness Score
Category Standard

Peerspace is a clear market leader in the hourly venue rental space (often dubbed the 'Airbnb for events'), demonstrating exceptional real-world utility and traction with over $100M in annual turnover and profitability. However, the submission itself ('ShadowWing') is of extremely low quality, containing hyperbolic claims ('most people have used my product') and nonsensical technical details ('technologies: events, art'). While the project's intrinsic value warrants a high score (Unicorn/Scale-up territory), the score is penalized significantly due to the lack of verifiable evidence provided in the submission and the poor response quality.

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Score Breakdown

Real World Utility+28.5
Audience Reach Impact+14.4
Technical Innovation+5.63
Evidence Of Traction+14.25
Market Timing Relevance+9.0
Functional Completeness+0.25
Subtotal+72.03
Usefulness Multiplierx0.94
Final Score+675

Project Details

Project URL
Description
Peerspace, accessible via peerspace.com, is a platform that connects individuals and businesses with unique spaces for various events and activities. Founded in 2014, Peerspace operates as a marketplace where hosts can list their spaces, and guests can book them for meetings, photo shoots, parties, and other gatherings. The company aims to make it easy for people to find and rent creative and inspiring spaces, offering a wide range of options from lofts and studios to galleries and rooftops. Peerspace is known for its user-friendly interface and diverse selection of venues, catering to both personal and professional needs.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline